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South African miner recovering gold by reprocessing surface mine-waste tailings around Johannesburg.
South African miner recovering gold by reprocessing surface mine-waste tailings around Johannesburg.
Pumps old mine dumps as slurry to processing plants and recovers the small amount of gold left, which is cheaper and lower-risk than deep mining. It sells gold at the dollar price while most costs are in rand and electricity, so the rand gold price drives margins.
Moat: narrow (installed base, process know-how). Owns and processes decades of accumulated Witwatersrand tailings dumps other miners cannot easily access.
Headquarters: Johannesburg, South Africa · Employees: 3,417
Size DRDGOLD Ltd. Sponsored ADR (DRD) is a United States Materials company (Precious Metals) with a market value of $2.00B, the 1789th largest of 3,117 United States companies the cockpit tracks. Shares closed at $25.48 on 6 Nov 2026.
Performance Over six months the shares fell 15.7%, against -15.7% for the median peer and -1.1% for the United States market (cap-weighted) — 10th highest of 19 in its peer set.
Growth Revenue grew 52.9% over the last twelve months (peer median +65.0%); the operating margin is 51.0% (peer median 35.3%).
Valuation It trades at 8.1× forward earnings against a peer median of 10.9× (4th cheapest of 12).
Price implies For today's price to make sense, revenue must grow about -16% a year for seven years (Req g). Recent delivered growth is +14%, so the hurdle is -30 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 36.7 points above its cost of capital (7.2% WACC).
Short interest Short interest is 1.4% of the free float (15 Oct 2026).
Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | $663M | $660M | $434M | $333M | $309M |
| Revenue growth | — | +52% | +30% | +8% | — |
| Gross profit | $352M | $350M | $169M | $93.9M | $86.1M |
| EBITDA | $370M | $368M | $186M | $101M | $91.5M |
| Net income | $253M | $252M | $123M | $71.0M | $72.1M |
| Free cash flow | $131M | $127M | $69.2M | -$60.9M | $28.7M |
| Capital expenditure | $215M | $209M | $124M | $160M | $64.5M |
| Total debt | n/a | $695,546 | $979,110 | $1.60M | $2.10M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| DRDGOLD Ltd. Sponsored ADR DRD | $2.00B | -16% | +53% | 51% | 8.1× | -16.4% |
| Harmony Gold Mining Co. Ltd. Sponsored ADR HMY | $9.84B | -3% | +50% | 45% | 5.3× | -14.1% |
| Sibanye Stillwater Limited Sponsored ADR SBSW | $6.30B | -29% | +59% | 26% | 5.9× | n/a |
| Anglogold Ashanti AU | $47.0B | -13% | +139% | 51% | 11.7× | -7.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | DRD | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +5.7% | -5.8% | 2nd highest of 21 |
| 6-month return | -15.7% | -15.7% | 10th highest of 19 |
| Distance from 52-week high | -35.3% | -37.6% | 10th highest of 21 |
| Revenue growth (TTM) | +52.9% | +65.0% | 6th lowest of 16 |
| Operating margin | 51.0% | 35.3% | 5th highest of 16 |
| Forward P/E | 8.1× | 10.9× | 4th cheapest of 12 |
| Growth the price implies (Req g, 7 yrs) | -16.4% | -1.2% | 2nd least demanding of 12 |
| Growth delivered (Del g) | +14.1% | +27.8% | 4th lowest of 12 |
| Hurdle (Req g minus delivered) | -30.5 pp | -17.6 pp | 6th least demanding of 12 |
| ROIC minus cost of capital | +36.7 pp | +11.4 pp | 4th highest of 18 |
| EV / EBITDA | 5.0× | 4.8× | 5th most expensive of 10 |
| Net debt / EBITDA | -0.5× | -0.3× | 4th least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| DRDGOLD Ltd. Sponsored ADR DRD | United States | $2.00B | -16% | +53% | 51% | 8.1× | -16.4% | +14.1% |
| Mineros MSA.TO | Canada | $2.00B | +73% | +77% | 39% | 7.3× | -5.8% | +11.8% |
| Silvercorp Metals SVM.TO | Canada | $1.99B | -31% | +59% | 56% | 12.9× | 4.7% | +19.0% |
| Sinda SIND | United States | $1.95B | n/a | n/a | n/a | n/a | n/a | n/a |
| Sino-Platinum Metals 600459.SS | China | $2.06B | -17% | -27% | 2% | 19.0× | n/a | n/a |
| Ora Banda Mining OBM.AX | Australia | $1.93B | +4% | +101% | 39% | 16.6× | 1.1% | +101.1% |
| Snowline Gold SGD.TO | Canada | $1.93B | -6% | n/a | n/a | n/a | n/a | n/a |
| Sunshine Silver Mining & Refining SSMR | United States | $1.91B | n/a | +422% | -3,022% | n/a | n/a | n/a |
| Henan Yuguang Gold & Lead 600531.SS | China | $1.83B | -32% | +48% | 2% | n/a | 7.9% | +19.6% |
| Resolute Mining RSG.AX | Australia | $1.81B | -12% | +5% | 35% | 10.0× | -7.2% | +8.9% |
| Hycroft Mining HYMC | United States | $1.75B | -51% | n/a | n/a | n/a | n/a | n/a |
| Tongguan Gold 0340.HK | Hong Kong | $1.73B | -14% | +65% | 52% | 8.2× | -9.9% | +48.9% |
| Endeavour Silver EDR.TO | Canada | $2.34B | -20% | +198% | 26% | 10.9× | n/a | n/a |
| Southern Cross Gold Consolidated SXGC.TO | Canada | $1.65B | -9% | n/a | n/a | n/a | n/a | n/a |
| Shandong Humon Smelting 002237.SZ | China | $2.44B | -32% | +25% | 1% | 11.2× | n/a | n/a |
| Perpetua Resources PPTA | United States | $2.44B | -35% | n/a | n/a | n/a | n/a | n/a |
| Beijing Xiaocheng Technology Stock 300139.SZ | China | $1.64B | -25% | +39% | 27% | n/a | 33.6% | +27.8% |
| Alkane Resources ALK.AX | Australia | $1.63B | +11% | +403% | 34% | 11.9× | -1.2% | +48.9% |
| Sichuan Gold 001337.SZ | China | $2.52B | -25% | +57% | 56% | n/a | 17.7% | +13.6% |
| West African Resources WAF.AX | Australia | $2.74B | +4% | +194% | 57% | 4.4× | -18.5% | +37.7% |
| Orezone Gold ORE.TO | Canada | $1.46B | +31% | +93% | 40% | 6.9× | -8.0% | +110.4% |